Funding arb · Price arb /

PUMP

all PUMP markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC−0.0004%/8h= −0.4% APRpaid last 24h 0.000%

Price spread now: Popdex against Gate−1.467%7-day average −1.302% · you buy dearer than you sell

Net, funding: paid 7d − costs—under 7 days of funding history

Net, price: spread back to 7d avg − costs−$87as in the Price arb table

costs, in and out, $10k−$700.701% of the position

Long on Gate Short on Popdex

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)−0.001%$0 on $10k

Price spread, last 4 days (all we have)+0.461%+$46 · spread now −1.467%, 7d avg −1.302%

Together, before fees+0.460%+$46 on $10k · with fees, hour by hour

Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Popdex is 0.165% cheaper against Gate than usual: you would sell low and buy high, −$16 on $10k if it goes back to its 7-day average of −1.302%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Gate PUMP_USDT	0.004364	0.0100	pay 0.0050% / 4h	10m 59s	$4.7M	$11.5M	75x
Short	Popdex PUMPUSDT	0.004300	0.0096	get 0.0012% / 1h	10m 59s	$31K	$772K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Popdex against Gate. Falling: the short leg gains. Rising: it loses.

latest

Price spreadloading…

Funding on every exchange

click an exchange to add or hide it

latest

How often the price spread is this wide · share of time at each level, last 7D show

Profit calculator

Position, each leg$Hold fordaysFee GatebpFee PopdexbpOrdersPrice spread, now −1.467%Rate

Funding earned: −$0.84
Price spread: −1.467% → −1.302%: −$16.49
Slippage, 4 orders: −$48.66
Fee Gate: 7.5 bp × 2 orders: −$15
Fee Popdex: 3.2 bp × 2 orders: −$6.4
Net: −$87.4
Costs to cover: 0.701%
Break-even: never at this rate

Slippage from Gate: live order book, 3 min ago; Popdex: live order book, 3 min ago.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again

Leg	Half-spread	$10k	$100k	$1M	$5M
Buy Gate live order book, 3 min ago	2.29 bp	19.7 bp −$20	45.4 bp −$454	83.3 bp −$8,325	doesn't fit
Sell Popdex live order book, 3 min ago	3.43 bp	17.8 bp −$18	doesn't fit	doesn't fit	doesn't fit

PUMP on 42 venues

lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
dYdX PUMP-USD	−0.0052%	1h	0.004364	0.000%	$20K	$9K	5x	as long as short
Perpl PUMP	0.0000%	43m	0.004363	−0.023%	$18K	$207K	20x	as long as short
Deribit PUMP_USDC-PERPETUAL	0.0000%	1h	0.004366	+0.046%	$69K	$125K	25x	as long as short
gTrade (Gains Network) PUMP/USD	L +0.0003% / S −0.0002%	1h	0.004365	+0.029%	$55K	—	150x	as long as short
OKX PUMP-USDT-SWAP	+0.0009%	4h	0.004369	+0.115%	$22.8M	$97.1M	50x	as long as short
Orderly PERP_PUMP_USDC	+0.0021%	4h	0.004364	0.000%	$41K	$10K	10x	as long as short
Lighter PUMP	+0.0096%	1h	0.004364	0.000%	$2.9M	$5.5M	10x	as long as short
Popdex PUMPUSDTshort	+0.0096%	1h	0.004300	−1.467%	$31K	$772K	20x
Paradex PUMP-USD-PERP	+0.0100%	8h	0.004364	+0.008%	$42K	—	5x	as long as short
Aster PUMPUSDT	+0.0100%	4h	0.004366	+0.052%	$729K	$2.3M	50x	as long as short

Show all 42 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Pacifica PUMP	+0.0100%	1h	0.004366	+0.046%	$456K	$601K	10x	as long as short
Binance PUMPUSDT	+0.0100%	4h	0.004367	+0.071%	$78.0M	$164.6M	75x	as long as short
Ondo Perps PUMP-USD.P	+0.0100%	1h	0.004359	−0.119%	$26K	$165K	5x	as long as short
Arcus PUMP-USD	+0.0100%	1h	0.004365	+0.023%	$42K	$53K	10x	as long as short
Gate PUMP_USDTlong	+0.0100%	4h	0.004364	long leg	$4.7M	$11.5M	75x
KuCoin PUMPUSDTM	+0.0100%	4h	0.004367	+0.069%	$23.2M	$13.9M	50x	as long as short
Bitget PUMPUSDT	+0.0100%	4h	0.004369	+0.115%	$17.4M	$19.2M	75x	as long as short
BingX PUMP-USDT	+0.0100%	4h	0.004365	+0.023%	—	$12.9M	—	as long as short
Backpack PUMP_USDC_PERP	+0.0100%	1h	0.004364	+0.007%	$778K	$182K	5x	as long as short
edgeX PUMPUSDC	+0.0100%	4h	0.004372	+0.184%	$64K	$3.0M	20x	as long as short
GRVT PUMP_USDT_Perp	+0.0100%	4h	0.004369	+0.115%	$1.2M	$10.0M	10x	as long as short
ApeX Omni PUMPUSDT	+0.0100%	1h	0.004374	+0.229%	$138K	$763K	50x	as long as short
Nado PUMP-PERP	+0.0100%	1h	0.004365	+0.034%	$1.6M	$2.0M	10x	as long as short
Polymarket Perps PUMP-USD	+0.0100%	1h	0.004368	+0.092%	$95K	$1.9M	10x	as long as short
Derive PUMP-PERP	+0.0100%	1h	0.004365	+0.024%	$5K	$13K	6.7x	as long as short
SunX PUMP-USDT	+0.0100%	4h	0.004365	+0.023%	$2K	$721K	20x	as long as short
SoDEX PUMP-USD	+0.0100%	1h	0.004364	0.000%	$279	$7K	10x	as long as short
HTX PUMP-USDT	+0.0100%	4h	0.004362	−0.046%	$21K	$137K	20x	as long as short
Phemex PUMPUSDT	+0.0100%	4h	0.004367	+0.069%	$2.0M	$4.0M	20x	as long as short
Extended PUMP-USD	+0.0104%	1h	0.004369	+0.107%	$3.6M	$3.6M	50x	as long as short
Aevo PUMP-PERP	+0.0104%	1h	0.004363	−0.023%	$72K	$18K	3x	as long as short
Hyperliquid PUMP	+0.0142%	1h	0.004370	+0.137%	$160.6M	$53.3M	10x	as long as short
Phoenix PUMP	+0.0164%	1h	0.004388	+0.552%	$39K	$100K	10x	as long as short
Injective PUMP/USDC PERP	+0.0182%	1h	0.004382	+0.412%	$39K	$207K	12x	as long as short
RISEx PUMP/USDC	+0.0194%	1h	0.004366	+0.057%	$488K	$1.0M	10x	as long as short
01 Exchange PUMPUSD	+0.0216%	1h	0.004365	+0.023%	$6K	$830	10x	as long as short
Coinbase International PUMP-PERP-INTX	+0.0312%	1h	0.004370	+0.137%	$693K	$5.5M	50x	as long as short
GMX PUMP/USD [WBTC.b-USDC]	L +0.0329% / S −0.0258%	1h	0.004364	0.000%	$70K	—	100x	as long as short
BloFin PUMP-USDT	+0.0340%	4h	0.004367	+0.069%	$3.5M	$4.0M	75x	as long as short
Reya PUMPRUSDPERP	+0.0344%	1h	0.004364	−0.003%	$2	—	3x	as long as short
Aftermath Perps PUMPUSD	+0.0479%	1h	0.004369	+0.121%	$382	$106K	10x	as long as short
Kraken Futures PF_PUMPUSD	+0.0865%	1h	0.004370	+0.129%	$1.3M	$3.5M	50x	as long as short